If you need a corporate card (and you require plenty of authorized users), the Float Card is a no fee card to take a look at.

This card offers a few unique features you won't find on a regular small business credit card. Here are the details.

Float Card pros

Here's what the Float Card can offer your business.

1. Easy expense tracking

The Float Card offers a lot of expense management. Receipts can be automatically uploaded through Float's app or via text, all transactions can be automatically coded, and you can directly integrate your Float account with QuickBooks, Xero, and NetSuite for easy accounting and book closing. It's an all-in-one platform for tracking and paying your expenses.

2. Add plenty of authorized users

With the base essential plan, you can add unlimited virtual cards for your staff. If anyone needs a physical card, you can order up to 20 of those, as well. You’ll need to upgrade your plan if you require more than 20 physical cards (see more below).

3. Set spend limits for authorized users

You can set strict spending limits for your authorized users, including how much they spend and where they can use the card. For example, you can restrict authorized users to specific merchants or merchant categories, like gas, groceries, or office supplies.

4. Can get a pre-funded or a charge card

You can choose what type you get. All customers are eligible for pre-funded cards, where all purchases come from your Float balance, which earns 4% interest.

Alternatively, you can apply for credit terms through Float Charge. This program provides customers with unsecured, interest-free credit, which is paid in full at the end of each cycle (balances cannot be carried).

5. Available as a U.S. dollar card

The Float Card is available as a U.S. dollar Mastercard (as opposed to a Visa for the Canadian version). If you make a lot of USD purchases, you’ll be able to avoid traditional foreign currency transaction fees. Just a reminder that you need to fund USD cards through a USD bank account.

This card also comes with a few insurance coverages, such as rental car coverage, extended warranty, and purchase assurance.

Learn more: How do U.S. dollar credit cards work?

6. No monthly fees

The base essential plan covers everything you see here for no monthly or annual fees. If you need to add additional full users to your account, you can do so for $10 per month per user.

7. Exclusive welcome offer

We've got an exclusive offer with the Float Card. You'll earn $500 cash back after spending $5,000 in the first 3 months. AN excellent way to get started with our new card.

Float Card cons

Here are 2 things to think about with the Float Card

1. Limited rewards

With the Float Card, you won't earn any rewards when you spend less than $25,000 during the month. Once you exceed that, you'll start to earn 1% cash back on your purchases. With that said there are no caps on how much you can earn.

2. No insurance included

This card doesn’t include any insurance coverage. If you’re looking for extended warranties or purchase protection, you’ll need to choose a different card. However, if you opt for the U.S. Dollar version you will get access to a few basic coverages.

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FAQ

What benefits does the Float Card offer?

The Float Card includes plenty of optional features and benefits like automatic expense tracking, unlimited virtual cards, up to 20 free physical cards, and an available USD version.

Does the Float Card offer rewards on purchases?

The Float Card offers 1% cash back – but only after $25,000 in monthly purchases. You won’t earn any rewards for spending under this threshold.

Does the Float Card have an annual fee?

The base-level card has no monthly or annual fees – but if you need to add more users to the account, you’ll pay $10 per month per user.